iPhone 5 Could Be Game-Changer For Mobile Payments

Some developers are betting the next Apple iPhone will have NFC capability and pave the way for mobile payment technology to finally take off.

An app developer showcasing wares at MacWorld told 9to5mac that Apple's iOS engineers are "heavy into NFC." The developer also noted that he's so confident in Apple's plans to add near-field communications (NFC) to the next version of the iPhone that he's willing "to bet the app development on it."

In other words, this developer is going to spend money creating apps that will work with an unannounced feature of an unannounced device. That's either incredible confidence or insanity, depending on your point of view